Alector (ALEC) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]
Alector, Inc. (ALEC)
Last alector, inc. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
This compares to loss of $0.55 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 20.83%. A quarter ago, it was expected that this biotechnology company would post a loss of $0.80 per share when it actually produced a loss of $0.49, delivering a surprise of 38.75%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Alector , which belongs to the Zacks Medical - Biomedical and Genetics industry, posted revenues of $15.89 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 8.67%. This compares to year-ago revenues of $16.55 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Alector s
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ALEC
News
- Alector, Inc. (NASDAQ: ALEC) had its price target lowered by analysts at HC Wainwright from $41.00 to $35.00. They now have a "buy" rating on the stock.MarketBeat
- Alector, Inc. (NASDAQ: ALEC) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- Alector to Participate in Upcoming Healthcare ConferencesGlobeNewswire
- Alector Reports First Quarter 2024 Financial Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Alector Reports First Quarter 2024 Financial Results and Provides Business UpdateGlobeNewswire
ALEC
Earnings
- 5/8/24 - Beat
ALEC
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/2/24 - Form 4
- ALEC's page on the SEC website